INVESCO Energy Fund
Fund
IENIX
Price as of:
$29.08
+ $0.01
+ 0.03%
Primary Theme
fund company
Name
As of 12/27/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
4.8%
1 yr return
4.8%
3 Yr Avg Return
17.5%
5 Yr Avg Return
11.7%
Net Assets
$454 M
Holdings in Top 10
63.0%
52 WEEK LOW AND HIGH
$29.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.92%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 68.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/27/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
IENIX - Profile
Distributions
- YTD Total Return 4.8%
- 3 Yr Annualized Total Return 17.5%
- 5 Yr Annualized Total Return 11.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.57%
- Dividend Yield 4.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameINVESCO Energy Fund
-
Fund Family NameINVESCOFDS
-
Inception DateJan 31, 2006
-
Shares OutstandingN/A
-
Share ClassR5
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerKevin Holt
Fund Description
The Fund invests, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of issuers engaged in energy-related industries, and in derivatives and other instruments that have economic characteristics similar to such securities.The Fund invests primarily in equity securities. The principal type of equity security in which the Fund invests is common stock.
The Fund will concentrate its investments in the securities of issuers engaged primarily in energy-related industries. The Fund considers an issuer to be doing business in energy-related industries if it meets at least one of the following tests: (1) at least 50% of its gross income or its net sales come from activities in energy-related industries; (2) at least 50% of its total assets are devoted to producing revenues in energy-related industries; or (3) based on other available information, the Fund’s portfolio managers determine that its primary business is within energy-related industries. Such other available information may include industry classifications from any one or more third-party providers, such as those using the Global Industry Classification Standard (GICS®), the North American Industry Classification System (NAICS), or the Bloomberg Industry Classification System (BICS).
Companies in energy-related industries include, but are not limited to, oil companies, oil and gas exploration companies, natural gas pipeline companies, refinery companies, energy conservation companies, coal companies, alternative energy companies and innovative energy technology companies. Generally, the companies in which the Fund invests fall within the three main energy sub-industries: (1) integrated oil and gas issuers; (2) oil and gas equipment and services issuers; and (3) oil and gas exploration/production issuers. Portfolio weightings among these and other sub-industries will be adjusted according to current economic conditions.
The Fund may invest up to 100% of its net assets in securities of foreign issuers doing business in energy-related industries, which may include securities of issuers located in emerging market countries, i.e., those that are generally in the early stages of their industrial cycles. The Fund may invest in securities of issuers of all capitalization sizes.
The Fund can invest in derivative instruments, including forward foreign currency contracts.
The Fund can use forward foreign currency contracts to seek to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated; though the Fund has not historically used these instruments.
The Fund is non-diversified, which means it can invest a greater percentage of its assets in a small group of issuers or any one issuer than a diversified fund can.
The investment team primarily uses a fundamental bottom-up analysis to seek to identify investments with quality management teams and quality assets trading at attractive valuations. The investment strategy places emphasis on valuation and risk/reward profiles of potential investments. In valuing companies, the investment team takes a long-term view on commodity prices and uses a constant marginal cost of production commodity price. The commodity price does not change unless a persistent structural change in the commodity occurs. Price-to-cash flow (P/CF), price-to-net asset value (P/NAV) and price-to-earnings (P/E) are the valuation metrics the investment team uses to assess the attractiveness of a security. Top-down macroeconomic research, including an assessment of factors such as worldwide economic activity, government policy, employment, inflation, supply/demand dynamics, currency market dynamics, international trade, technological advances, as well as business, equity and credit market cycle analysis, is also considered as a check and balance to sub-industry allocation that results from bottom-up analysis.
The portfolio managers will consider selling a security if, among other things, (1) a security reaches its target price; (2) a change in fundamentals occurs-either company specific or industry wide; (3) a change in corporate focus and/or management occurs; or (4) a more attractive investment opportunity is identified.
IENIX - Performance
Return Ranking - Trailing
| Period | IENIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -20.1% | 17.0% | 23.88% |
| 1 Yr | 4.8% | -24.3% | 16.0% | 22.39% |
| 3 Yr | 17.5%* | -10.6% | 21.3% | 23.88% |
| 5 Yr | 11.7%* | -1.3% | 18.7% | 32.84% |
| 10 Yr | 0.7%* | -11.2% | 15.0% | 49.15% |
* Annualized
Return Ranking - Calendar
| Period | IENIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -1.8% | -12.5% | 12.1% | 64.18% |
| 2022 | 51.7% | -9.1% | 88.5% | 29.85% |
| 2021 | 53.6% | -16.7% | 94.8% | 11.94% |
| 2020 | -33.4% | -47.8% | 134.4% | 35.82% |
| 2019 | 3.3% | -18.0% | 61.0% | 64.18% |
Total Return Ranking - Trailing
| Period | IENIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.8% | -20.1% | 17.0% | 23.88% |
| 1 Yr | 4.8% | -24.3% | 16.0% | 22.39% |
| 3 Yr | 17.5%* | -10.6% | 21.3% | 23.88% |
| 5 Yr | 11.7%* | -1.3% | 18.7% | 32.84% |
| 10 Yr | 0.7%* | -11.2% | 15.0% | 49.15% |
* Annualized
Total Return Ranking - Calendar
| Period | IENIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.6% | -11.5% | 14.4% | 64.18% |
| 2022 | 53.4% | -8.0% | 88.5% | 31.34% |
| 2021 | 56.7% | -15.7% | 98.4% | 11.94% |
| 2020 | -31.8% | -44.2% | 138.4% | 40.30% |
| 2019 | 5.2% | -16.5% | 63.2% | 59.70% |
NAV & Total Return History
IENIX - Holdings
Concentration Analysis
| IENIX | Category Low | Category High | IENIX % Rank | |
|---|---|---|---|---|
| Net Assets | 454 M | 5.1 M | 37.9 B | 33.82% |
| Number of Holdings | 33 | 24 | 207 | 75.00% |
| Net Assets in Top 10 | 286 M | 2.02 M | 26.6 B | 33.82% |
| Weighting of Top 10 | 63.02% | 32.1% | 84.2% | 39.71% |
Top 10 Holdings
- Exxon Mobil Corp. 12.10%
- Chevron Corp. 9.51%
- Shell PLC, ADR 7.61%
- Suncor Energy Inc. 6.70%
- Canadian Natural Resources Ltd. 4.95%
- CF Industries Holdings, Inc. 4.76%
- ConocoPhillips 4.74%
- Cheniere Energy, Inc. 4.58%
- TotalEnergies SE 4.14%
- Tenaris S.A. 3.95%
Asset Allocation
| Weighting | Return Low | Return High | IENIX % Rank | |
|---|---|---|---|---|
| Stocks | 99.32% | 71.70% | 105.59% | 70.59% |
| Cash | 2.10% | 0.00% | 33.44% | 35.29% |
| Preferred Stocks | 0.00% | 0.00% | 1.19% | 52.94% |
| Other | 0.00% | -0.01% | 28.37% | 64.71% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 51.47% |
| Bonds | 0.00% | 0.00% | 4.65% | 55.88% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | IENIX % Rank | |
|---|---|---|---|---|
| Energy | 93.60% | 0.00% | 100.00% | 52.94% |
| Basic Materials | 4.33% | 0.00% | 17.92% | 13.24% |
| Industrials | 2.07% | 0.00% | 25.16% | 25.00% |
| Utilities | 0.00% | 0.00% | 39.83% | 75.00% |
| Technology | 0.00% | 0.00% | 35.01% | 66.18% |
| Real Estate | 0.00% | 0.00% | 0.02% | 55.88% |
| Healthcare | 0.00% | 0.00% | 0.00% | 51.47% |
| Financial Services | 0.00% | 0.00% | 0.41% | 52.94% |
| Communication Services | 0.00% | 0.00% | 0.00% | 51.47% |
| Consumer Defense | 0.00% | 0.00% | 1.54% | 58.82% |
| Consumer Cyclical | 0.00% | 0.00% | 6.59% | 60.29% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | IENIX % Rank | |
|---|---|---|---|---|
| US | 74.91% | 36.98% | 105.59% | 67.65% |
| Non US | 24.41% | 0.00% | 62.84% | 32.35% |
IENIX - Expenses
Operational Fees
| IENIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.92% | 0.08% | 2.84% | 57.35% |
| Management Fee | 0.72% | 0.00% | 1.25% | 61.76% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.06% | 0.25% | N/A |
Sales Fees
| IENIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| IENIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| IENIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 68.00% | 5.00% | 382.00% | 53.57% |
IENIX - Distributions
Dividend Yield Analysis
| IENIX | Category Low | Category High | IENIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.12% | 0.00% | 6.52% | 42.65% |
Dividend Distribution Analysis
| IENIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| IENIX | Category Low | Category High | IENIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.57% | -1.80% | 4.54% | 32.35% |
Capital Gain Distribution Analysis
| IENIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 16, 2024 | $1.183 | OrdinaryDividend |
| Dec 15, 2023 | $0.698 | OrdinaryDividend |
| Dec 16, 2022 | $0.314 | OrdinaryDividend |
| Dec 16, 2021 | $0.385 | OrdinaryDividend |
| Dec 15, 2020 | $0.317 | OrdinaryDividend |
| Dec 13, 2019 | $0.344 | OrdinaryDividend |
| Dec 14, 2018 | $0.656 | OrdinaryDividend |
| Dec 13, 2017 | $0.768 | OrdinaryDividend |
| Dec 13, 2016 | $0.418 | OrdinaryDividend |
| Dec 12, 2014 | $4.290 | CapitalGainLongTerm |
| Dec 12, 2014 | $0.307 | OrdinaryDividend |
| Dec 13, 2013 | $0.210 | CapitalGainLongTerm |
| Dec 13, 2013 | $0.476 | OrdinaryDividend |
| Dec 10, 2010 | $0.181 | OrdinaryDividend |
| Dec 11, 2009 | $0.192 | OrdinaryDividend |
| Dec 12, 2008 | $0.402 | CapitalGainLongTerm |
| Dec 14, 2007 | $10.414 | CapitalGainLongTerm |
| Dec 15, 2006 | $1.544 | CapitalGainShortTerm |
| Dec 15, 2006 | $5.003 | CapitalGainLongTerm |
IENIX - Fund Manager Analysis
Managers
Kevin Holt
Start Date
Tenure
Tenure Rank
Jun 05, 2020
1.99
2.0%
Kevin Holt is a senior portfolio manager for Invesco large- and all-cap value strategies. He is lead manager for Invesco’s large-cap value products. He joined Invesco in 2010. Mr. Holt was previously Managing director and portfolio manager for the U.S. value strategy at Van Kampen, which he joined in 1999 and was portfolio manager of the Portfolio since April 2005. Before joining Van Kampen, he served as a senior research analyst at Strong Capital Management and as a portfolio manager/research analyst at Citibank Global Asset Management. He began his career as a senior financial analyst for Harris Trust and Savings Bank. Mr. Holt earned a bachelor’s degree from the University of Iowa and a Master of Business Administration degree from the University of Chicago Graduate School of Business. He is a CFA charterholder and a member of the CFA Institute and the Houston Society of Financial Analysts.
Umang Khetan
Start Date
Tenure
Tenure Rank
Aug 28, 2020
1.76
1.8%
Umang Khetan is a Portfolio Manager responsible for the Comstock SMA WRAP Strategy. Mr. Khetan joined the firm in 2012.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.33 | 24.18 | 6.95 | 0.54 |